NXP Semiconductors (NASDAQ:NXPI) Raised to Buy at StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Several other research firms also recently issued reports on NXPI. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a research note on Monday, November 4th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 target price for the company. UBS Group lowered their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, Susquehanna lowered their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $274.14.

NXP Semiconductors Stock Performance

Shares of NXPI traded down $1.64 during trading hours on Thursday, hitting $206.21. The company had a trading volume of 1,422,704 shares, compared to its average volume of 2,300,449. The business has a fifty day moving average of $223.74 and a 200-day moving average of $240.81. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The firm has a market cap of $52.41 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 4.37 and a beta of 1.46. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the firm earned $3.31 EPS. The business’s revenue was down 5.4% on a year-over-year basis. Equities analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

Institutional Trading of NXP Semiconductors

A number of hedge funds have recently added to or reduced their stakes in NXPI. Principal Financial Group Inc. raised its position in NXP Semiconductors by 1.9% in the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after purchasing an additional 5,722 shares during the last quarter. Logan Capital Management Inc. increased its stake in shares of NXP Semiconductors by 0.4% in the third quarter. Logan Capital Management Inc. now owns 16,177 shares of the semiconductor provider’s stock valued at $3,883,000 after buying an additional 63 shares during the period. Franklin Resources Inc. raised its holdings in NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after buying an additional 93,129 shares during the last quarter. Tidal Investments LLC boosted its position in NXP Semiconductors by 9.3% during the 3rd quarter. Tidal Investments LLC now owns 18,124 shares of the semiconductor provider’s stock worth $4,350,000 after buying an additional 1,542 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in NXP Semiconductors during the 3rd quarter worth approximately $1,574,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.